The Messenger of Allah (peace be upon him) said:
“It is better to leave your heirs wealthy than to leave them poor and begging from others.”
Because your peace of mind and your family’s future are a priority, we offer you the Family Takaful Program—the Shariah-compliant alternative to life insurance. This program ensures financial protection and stability for you and your loved ones during the most difficult times.
The importance of Family Takaful lies in its role in protecting society by supporting individuals and their families in cases of disability or death of the policyholder. It provides a reliable source of income that ensures a dignified life for beneficiaries, protecting them from financial need or hardship.
What distinguishes Family Takaful is that it offers a Shariah-approved vision of life insurance, unlike conventional (commercial) insurance. The Shariah Supervisory Board at Takaful Insurance Company has approved this type of coverage due to its social benefits and compliance with Islamic principles.
Family Takaful is a specialized program designed to protect families and help them overcome financial crises resulting from the sudden death or injury of a breadwinner. It offers adequate compensation and coverage tailored to all segments of society, with relatively low contributions and fees.
Program Benefits
The program provides you with a wide range of advantages and comprehensive coverage in the following cases:
Death due to any cause
Permanent total disability resulting from an accident and/or illness
Permanent partial disability resulting from an accident and/or illness
Death caused by an accident
The Family Takaful Program for Individuals provides coverage for different periods in the event of permanent total disability or death (God forbid), in exchange for fixed contributions and fees. In life, one cannot avoid fate and destiny, but it is always necessary to protect oneself and safeguard one’s family and loved ones.
Program Benefits
The program provides you with a wide range of benefits and comprehensive coverage in the following cases:
Death from any cause
Permanent total disability resulting from an accident and/or illness
Permanent partial disability resulting from an accident and/or illness
Death due to an accident
Loss of work ability
Coverage for critical illnesses
Coverage for death and disabilities resulting from acts of war
Required Data:
The basic data required from the employer includes the employee list with names, dates of birth, employee codes, or any other information such as personal ID numbers. If a unified coverage applies to all employees, no further details are needed.
However, for segmented coverage linked to salaries, positions, length of service, or other variable factors, all these details must be provided for each employee individually. This information is used to calculate the Takaful benefits (insurance amount) and must be submitted upon renewal.
Premiums are calculated annually based on the agreed terms and coverages.
We all know that employees are the most valuable asset of any company, and retaining them is a very challenging task for business owners and senior management. Unfortunately, cash bonuses and rewards are limited by budgets and do not protect against future misfortunes such as death or accidents.
By providing a Group Takaful Insurance program, employees gain peace of mind knowing their families are protected and have some financial support in case of death or disability due to an accident or illness. Understanding the hardship faced by widows and children when they lose their breadwinners, we recognize that no household should be without family Takaful life insurance.
Program Benefits
The program provides you with a wide range of benefits and comprehensive coverage in the following cases:
Death due to any cause.
Permanent total disability resulting from an accident and/or illness.
Required Information:
The basic information required from the financial institution includes a list of financed clients, containing names, dates of birth, gender, date of financing, number of installments, financing end date, and the outstanding financing balance at the end of each month.
Premiums are calculated monthly based on the statement provided by the financial institution.
This insurance is offered to participants who have obtained financing from a financial institution. It aims to protect the debt in the event of an accident causing the participant (the borrower) to suffer death and/or disability, which would result in loss of income and the inability to continue repayments, thereby preventing them from fulfilling their financial obligations to repay the debt to the various financing entities.
This insurance is provided as a group package to financing institutions according to special agreements with them to protect their financial rights. Under these agreements, the company commits to paying the outstanding loan balance upon the occurrence of the insurance benefit due to death and/or disability.
For more information, please contact us at 1800220220 or via mobile at #600.
Secure a safe future for yourself and your family members.
